Ifrah Financial Services Inc. Purchases Shares of 9,829 FLIR Systems, Inc. (FLIR)

Ifrah Financial Services Inc. purchased a new position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,829 shares of the scientific and technical instruments company’s stock, valued at approximately $382,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Rhumbline Advisers lifted its holdings in FLIR Systems by 25.0% during the 3rd quarter. Rhumbline Advisers now owns 294,413 shares of the scientific and technical instruments company’s stock worth $11,456,000 after buying an additional 58,901 shares during the last quarter. Advisor Group Inc. lifted its holdings in FLIR Systems by 383.2% during the 3rd quarter. Advisor Group Inc. now owns 10,742 shares of the scientific and technical instruments company’s stock worth $417,000 after buying an additional 8,519 shares during the last quarter. Toronto Dominion Bank lifted its holdings in FLIR Systems by 12.5% during the 3rd quarter. Toronto Dominion Bank now owns 52,011 shares of the scientific and technical instruments company’s stock worth $2,024,000 after buying an additional 5,787 shares during the last quarter. QCI Asset Management Inc. NY lifted its holdings in FLIR Systems by 1.7% during the 3rd quarter. QCI Asset Management Inc. NY now owns 402,134 shares of the scientific and technical instruments company’s stock worth $15,647,000 after buying an additional 6,789 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in FLIR Systems by 1.3% during the 3rd quarter. New York State Common Retirement Fund now owns 888,462 shares of the scientific and technical instruments company’s stock worth $34,570,000 after buying an additional 11,100 shares during the last quarter. 89.74% of the stock is owned by institutional investors.

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FLIR has been the subject of a number of recent analyst reports. Needham & Company LLC lifted their price target on FLIR Systems from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, September 6th. Raymond James Financial, Inc. lifted their price target on FLIR Systems to $60.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 25th. BidaskClub raised FLIR Systems from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Zacks Investment Research upgraded FLIR Systems from a “hold” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a research report on Thursday, October 26th. Finally, Robert W. Baird reiterated a “hold” rating and set a $34.00 target price on shares of FLIR Systems in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $46.33.

FLIR Systems, Inc. (FLIR) traded up $0.38 on Tuesday, hitting $47.11. The stock had a trading volume of 636,900 shares, compared to its average volume of 954,319. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.48 and a quick ratio of 2.36. FLIR Systems, Inc. has a twelve month low of $33.75 and a twelve month high of $48.06. The firm has a market capitalization of $6,475.57, a PE ratio of 25.68 and a beta of 0.63.

FLIR Systems (NASDAQ:FLIR) last posted its earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The business had revenue of $464.70 million for the quarter, compared to analysts’ expectations of $446.06 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. equities research analysts forecast that FLIR Systems, Inc. will post 1.86 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, November 22nd. FLIR Systems’s dividend payout ratio (DPR) is presently 37.74%.

In related news, COO Thomas A. Surran sold 261,320 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $38.25, for a total value of $9,995,490.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Earl R. Lewis sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $38.22, for a total value of $764,400.00. Following the completion of the transaction, the director now owns 509,379 shares in the company, valued at approximately $19,468,465.38. The disclosure for this sale can be found here. Insiders sold a total of 303,356 shares of company stock worth $11,799,206 in the last 90 days. 3.00% of the stock is currently owned by insiders.

FLIR Systems Company Profile

FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.

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Institutional Ownership by Quarter for FLIR Systems (NASDAQ:FLIR)

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